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>>> good thursday, everybody. i'm contessa brewer covering the big news coast to coast. we begin with breaking news out of texas, where authorities have arrested an army private assigned to fort campbell, kentucky. officials found bomb-making materials in his hotel room. that arrest came after someone reportedly overheard the private threatening to stage an attack on the army post at fort hood. fort hood was the scene of a deadly shooting attack in november 2009. major nadal hassan is accused of killing 13 people and wounding dozens of others. pete williams has the latest from washington now. pete, what do you know about this arrest of the private? >> reporter: right. well, good afternoon. you saw killeen, texas on that map. that's where he was arrested. he's a private first class assigned to fort campbell, but arrested in texas yesterday and according to law enforcement officials, what happened is he went into a gun store in killeen, texas and was asking questions that the gun store owner thought was suspicious. he was also buying smokeless powder which can be used for a variety
come back from europe, there's a disparages disbelief. last thursday there was a big meeting about the euro zone crisis. whatever you think of the plan they come up, however, they all came together, came up with a plafç to avert crisis. looking at washington's politicians and thinking, hey, hang on a minute, they're as -- >> didn't you run a bureau -- >> i was in italy last week in fact. the analogy is apt. the difference is the market shook italy two weeks ago into doing something. they pass add 40 billion euro austerity plan, because the market freaked out. >> and in england as well. we held that deficit reduction, because we were worried about the market. here? >> i want to go back to jonathan's point, and this is -- i think people are trying to understand the implications. because america is the reserve currency of the world, because all the oil, the commodities, everything that exists, that china sells to brazil, that saudi arabia sells to europe is priced in u.s. dollars. it is incredibly unclear to what the implication of not paying it, because it is the only currency. beyo
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, people of the big banks were summoned to the meeting at a federal reserve bank here in new york and cnbc's bertha coombs has details for us. >> investors who buy u.s. treasuries buy them through banks, and this morning the treasury asked those bankers and dealers who help to sell the treasuries to investors to come in and talk about the situation as the debt ceiling limit looms. it was a regularly scheduled meeting, because on wednesday is normally the day that the treasury would announce the next action of debt, but obviously, that comes after the deadline. from bankers we talked to and senior treasury officials, they didn't really outline any contingency plans about what would happen if the debt ceiling deadline is not extended. a number of bankers have told me they anticipate what would happen is that those debt auctions would likely be postponed. we saw it happen back in 1995 when the government was shutdown. it was postponed for several weeks in terms of the auction, because essentially, if the government doesn't have the authority to increase that, then the treasury can't issue mor
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they are in crisis mode. a big vote coming this afternoon in the house. members will consider speaker john boehner's debt bill. but even if he can rein in tea party members to get it passed, 51 democratic senators vowed to block it. >> if this debate continues to be driven by the extremes, well, whether we go off the cliff august 2nd or go off the cliff at the end of the year, we'll be at the same place. >> i've got a little rebellion on my hands every day. it comes with the territory. >> you're not worried. >> never let them see you sweat. >> i think we'll end up in a stalemate. i anticipate that the boehner bill will get through the house today after he's pushed his folks kind of hard, and then it will be dead on arrival once it gets to the senate. >> of course, time is running out. default just five days away and things are getting so bad the u.s. treasury is now weighing which bills to pay if the country defaults. michael the correspondent for "washington post," and louise story, according to politico republican leaders are very prepared to say to the president take it or leave it. and if he l
'm a little bit of a restaurant of history. and there are a lot of real big things that have been gone in this country by executive order. president truman up until this point my favorite president of all times. integrated the armed services by executive order. couldn't get the congress to do it. there seemed to be little support for it my hometown senator left the democratic party buzz he did it and ran for president as a states rider. but the president did it. it was a bold move and as far as i can tell people like colin powell are very thankful that president truman did what he did. >> in the current case let me ask you about the whip count you were the whip and still a great vote counter are you and steny hoyer and nancy pelosi going to give john boehner an exit strategy with some democrat votes since it's clear he doesn't have enough votes just relying on republicans? >> if he were to come to the floor with a bipartisan bill, i think he would get bipartisan support. right now he's running this on his own within his own caucus. he is not involving nancy pelosi or steny hoyer or you
this to be a short-term deal. let's look for the big fix. the president says, luke, let's go for the big fix and now the republicans are going, wait a minute. what gives? luke. >> politics is the art of the possible. a lot of folks on capitol hill feel right now that a short-term solution is the only thing possible because of the eight-day time window that you mentioned. that being said, there are two very different plans which you talked about in the introduction which are going through capitol hill right now. speaker boehner plan is going to have an extension, which gets us through the wipter. i'm told that speaker boehner's going to brief his house republican conference at 2:00 p.m. about the details of that plan. won't get extremely specific. then for all intensive purposes it looks from discussions i've had with certain aides that you can see as early as wednesday a house of representatives votes on speaker boehner's plan. harry reid is going to go his own way with a $2.7 trillion reduction plan across the board. both of these contessa are different than any of the grand bargains. reid's extend
its act together? >> undoubtedly washington is broken. the big problem, though, is that you have two sides who are still way, way far apart, and the clock is sticking. i mean, we have to have an agreement by tuesday, or interest rates not only for the federal government, but really for average people with regard to auto loans, variable rather mortgages, everything else, start going up. the possibility, thomas, is those interest rates could go up very, very dramatically. that will bring the economy to a screeching halt. that would mean that the jobs crisis we have right now would become even larger. nobody wants that, or at least they say they don't want that, but after listening to a lot of the pontifications last night, i'm not sure. >> this is a clip from the president's address last evening, describing what government is like. take a listen. >> we can't allow the american people to become collateral damage to washington's political warfare. the american people may have voted for divided government, but they didn't vote for a dysfunctional government. >> certainly most of us think
's a really big misunderstanding about folks like myself that got elected in 2010. sure, i sprang from the tea party, but what the tea party is all about is we love this country. we realize we're bankrupting, and the only guarantee i made during the election is i would not vote -- i would never vote with my re-election might not. that's what i i came here for. i came here to actually fix the problem. that's a little different. the long-term politicians here aren't used to that type of commitment to saving our country. that's really the difference here, and until the political class here understands that, they're going to continue to misunderstand what the tea party is all about. not crazy. we're patriots. we love this country. we don't want to see it go bankrupt. >> senator ron johnson. good to have you on with us. >> thanks for having me on. >> the man who confessed to slaughtering at least 93 people in norway has been arraigned in court this morning. take a look. this is the photo just released, showing anders breivik leaving court. the judge ordered the court doors to be closed so he wouldn
. the president has made clear that he believes that this has been an opportunity to do something big and historic that requires political will by democrats and republicans, a willingness to take heat from your base as opposed to placate your base, but it requires a will on both sides, and with that i'll take your questions. mr. feller. >> thanks, jay. two questions. we're obviously 24 hours closer to potential calamity here. is the white house any closer itself to a strategy and what's the president doing to achieve it? >> as you know, congress needs to take action. we have been intensely engaged in negotiations, in conversations, in proposals and counterproposals with congress at a variety of different levels. the talks led by the vice president, the private conversations and negotiations that the president had with the speaker of the house. we have continuedç even since e speaker of the house walked away from those -- from that potential compromise last friday, we've continued to have conversations with all levels, with democrats, republicans, principals and staffers in search of a solution t
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, attention, or stress to a young woman and her family." >>> two big names missing from the iowa straw poll ballot. texas governor rick perry and sarah palin. both gop stars are undeclared. perry says he will make a decision in a couple of weeks. palin will announce in a few months. >>> new jersey's governor chris christie insists he is not running in 2012, but he is hanging out in iowa today. he will speak at an educational conference in des moines and headline a political fundraiser for congressman steve king. >>> the hotel maid who has accused dominique strauss-kahn of sexually assaulting her is breaking her silence for the first time. in an emotional interview with news week magazine, she swears she's telling the truth and wants the ex-imf head to go to prison for what he has done. she says, "i want him to go to jail. i want him to know there are some places you cannot use your power, you cannot use your money." joining us is former sex crimes prosecutor and criminal defense attorney ricky clayman. nice to see you. nice to have you in studio. we rarely see an accuser come forth before a
on speaker boehner's debt bill. the stunning events playing out in the house could mean big losses on wall street and beyond as this debt ceiling battle pushes down to the wire. for the very latest on today's trading session i'm delighted to welcome back jim cramer host of msnbc's "mad money" and jim, can i begin with the staggering news that apple company is holding more money than the government with over $76 billion and the government with $73 billion and maybe we should ask steve jobs for a handout. >> i did a piece on "mad money" last week which the thought was that the idea that maybe we should have iusa, and in other words, if apple were to put some of the skills together with the government, we would end up with a incredibly powerful government to take over china as opposed the china take us over and astounding the world with the best products. apple is an amazing company and it is not necessarily a reflection of the united states, because every company is jealous oapple, too. >> well, we have had seriously further indication of the recession not lifting anything like we thought wi
are too high driving companies to -- there are lots of thing. >> i get that. >> to have this big debate in public before there's a crisis. in greece you know, usausterity debates come after. now before the crisis hits, you're saying it's not eminent and have it again in the election year is good. >> we're not addressing our problems. this is the point. do you believe actually that cutting at this time is going to create jobs? i mean, that's the crisis. there is, in fact, a crisis that's going on right now. >> taxes at this point -- >> there are people across this country without work. peel under incredible economic stress right now. that's the crisis. there is a crisis. >> lowering tax rates at this time will create jobbed. >> right now there's a -- just if we could introduce the fact here, right now the federal tax take is at 15% gdp. that is incredibly -- hang on. hang on. so that is incredibly low. it's incredibly low by global standards. >> yeah. >> industrialized countries, incredibly low by u.s. historical standards. >> 6070 years. >> to have an argument in which the core premise
Search Results 0 to 14 of about 15